Tuesday, 26 May 2015
Last updated 3 days ago
Apr 17 2008 | 7:27am ET
Last year was a very good year for John Paulson. The Paulson & Co. boss—whose hedge funds posted triple-digit returns in 2007—made $3.7 billion, $800 million more than any other hedge fund manager.
George Soros came in second in Alpha magazine’s annual ranking of the top 25 hedge fund managers with $2.9 billion in estimated earnings. Last year’s number one, Renaissance Technologies’ James Simons, placed third with $2.8 billion.
According to Alpha, which makes its estimates based on assets under management, fees, returns, personal investments in the funds and firm ownership, average pay for the top 25 soared 68% to $892 million last year. The top five managers each made more than $1 billion; the minimum income for entry into the very exclusive club was $210 million, earned by David Shaw of D.E. Shaw & Co.
Harbinger Capital Partners’ Philip Falcone was fourth on the list with $1.7 billion and Citadel Investment Group’s Kenneth Griffin came in fifth with $1.5 billion.
Rounding out the top 10 are SAC Capital Advisor’s Steven Cohen ($900 million), Atticus Capital’s Timothy Barakett ($750 million), Lone Pine Capital’s Stephen Mandel ($710 million), Blue Ridge Capital’s John Griffin ($625 million) and Viking Global Investors’ Andreas Halvorsen ($520 million).
Five of last year’s top 25 slipped off this year’s list.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…